Castlelake Raises $2 Billion for Aviation Fund
Funding | Mar 20, 2025 | Castlelake LP
Castlelake L.P., a prominent global alternative investment manager specializing in asset-based investments, has announced the final closure of its Castlelake Aviation V Stable Yield L.P. Fund, raising over $2 billion in capital commitments. This marks the firm's fifth and largest dedicated aviation fund, leveraging two decades of expertise in the aviation sector. The capital was raised from a diverse array of global institutions, including pensions, sovereign wealth funds, and endowments. This fund aims to tap into the persistent demand for flexible alternative capital in aviation, exacerbated by a chronic undersupply of aircraft. Castlelake's strategy involves creating exposure to high quality, cash-flowing aviation assets, and secured aviation debt to deliver attractive risk-adjusted returns. Castlelake has a history of substantial investments in aviation, with over $21 billion funneled into various opportunities since 2005. The firm's aviation platform is robust, offering comprehensive in-house capital markets capabilities alongside technical asset management, empowering it to serve as a strategic partner within the aviation industry.
Sectors
- Alternative Investment
- Aviation
Geography
- Global – Castlelake is a global investment manager with a diversified base of international investors, indicating a worldwide operational scope.
- North America – Castlelake has offices in North America, playing a significant role in its operations.
- Europe – Castlelake has offices in Europe, indicating its involvement in this geographical area.
- Asia – As Castlelake has offices in Asia, it highlights the firm's presence in this region.
Industry
- Alternative Investment – The article discusses Castlelake L.P., a global alternative investment manager, and its significant capital commitments, highlighting its role within the alternative investment sector.
- Aviation – Castlelake's fund focus is on aviation assets, indicating its involvement in the aviation industry.
Financials
- $2 Billion – The amount of capital commitments raised for the Castlelake Aviation V Stable Yield L.P. Fund.
- $21 Billion – Total investment by Castlelake in aviation opportunities since its inception.
- $740 Million – Amount for the ninth aircraft asset-backed securitization.
- $400 Million – Financing provided to Virgin Atlantic Airways.
- $1 Billion – Term loan facility to support Castlelake's continued investment in aviation assets.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Castlelake L.P. | Investment Manager | Company | A global alternative investment manager with expertise in asset-based investments, particularly in the aviation sector. |
| Evan Carruthers | Chief Executive Officer and Chief Investment Officer | People | As CEO and CIO of Castlelake, he is likely instrumental in the company's strategies and decision-making processes. |